US Heavy-Duty Construction Equipment Market Trends, Size, Competitive Analysis and Forecast 2021-2027

The US heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period (2021-2027). The key aspect that drives the growth of the US heavy-duty construction equipment market is various investments by the country’s government for the infrastructural development in the country. For instance, in 2019, the US government allocated approximately $1 trillion for the novel infrastructural development in the country. The federal administration also financed approximately $67 billion for the maintenance and refurbishment of the existing establishments. Hence, a supportive government regulatory outlook promotes the infrastructural development in the country, which is likely to expand the US heavy-duty construction equipment industry over the forecast period.

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Furthermore, various ongoing projects and proposed projects are also likely to create a wide scope for the growth of the market. There are various mega projects including aerospace projects, disaster cleanups, energy projects, science & spacecraft projects, and many more. Hence, this is likely to create a wide scope for the growth of the US heavy-duty construction equipment market over the forecast period. Some of the projects include National Hockey League, UBS Arena in New York; CREATE in Illinois; Sound Transit 3 Seattle in Washington; San Francisco International Airport Redevelopment in San Francisco, California; and many others.

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Market Coverage
• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Machinery Type, Applications, and Industry
• Country Covered- The US
• Competitive Landscape- Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco Construction Machinery Co. Ltd. among others

US Heavy-Duty Construction Equipment Market – Segmentation

By Machinery Type
Earth Moving Equipment
• Cranes
• Loader & Backhoe
• Telescopic Handlers
• Excavators
• Others (Graders, Trencher)

Material Handling Equipment
• Hoists
• Conveyors
• Forklifts
• Others (Industrial Trucks)

Other Heavy-Duty Construction Equipment
• Concrete Mixers
• Road Rollers
• Stone Crushers
• Dumpers
• Tippers & Trailers
• Others (Slurry Seal Machines)

By Applications
• Excavation & Demolition
• Heavy Lifting
• Handling
• Transportation
• Recycling & Waste Management
• Others (Tunneling)

By Industry
• Construction & Infrastructure
• Manufacturing
• Mining
• Others (Oil & Gas)

Company Profiles
• ASTEC Industries Inc.
• Caterpillar Inc.
• Deere & Co.
• Hitachi Construction Machinery Co. Ltd.
• Hyundai Heavy IndustriesCo. Ltd.
• Komatsu Ltd.
• Liebherr Group
• Metso Corp.
• Sumitomo Heavy Industries Ltd.
• Terex Corp.
• The Manitowoc Co., Inc.
• Volvo Group
• Wirtgen Group.

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